Connect with us

Hi, what are you looking for?

Stock Markets

Britain’s airlines say extra support needed if travel stays shut

LONDON  Airlines based in Britain have told the government they will need industry-specific support to help them survive if coronavirus disease 2019 (COVID-19) rules continue to keep travel markets shut. 

Companies including British Airways, easyJet and Ryanair are in a deepening crisis after Britain’s plans to restart travel on May 17 following a 4-1/2 month ban on foreign holidays fell far short of their hopes. 

Britons are still discouraged from traveling to most countries, and since the May reopening, the government has tightened the rules, removing one of the few destinations that was open, Portugal, from a safe travel list. 

As July and August approach, the months when airlines make most of their profits, there are worries the summer season may be lost for a second year in a row, risking airline viability and jobs. 

“If a meaningful reopening is not possible during the summer … then targeted economic support will be essential to ensure UK airlines are able to reach the point when a restart is possible, in order to protect many tens of thousands of jobs,” industry lobby Airlines UK said in a letter to finance minister Rishi Sunak on Thursday. 

Come the end of September, government support schemes to protect jobs are also due to end, a worry for airlines that might still be grounded due to foreign travel restrictions. 

Airlines UK said it wanted Mr. Sunak to extend furlough for aviation workers to the end of April 2022, give airlines longer to repay COVID-19 government loans, and launch a “restart grant” scheme to help airlines pay to maintain planes they cannot use. 

In the letter, the airlines said their preference would be for travel to restart and be unrestricted for vaccinated people. But recent government policy and comments suggest this is unlikely. 

That puts UK airlines at a disadvantage to peers in Europe, as countries there begin to allow more travel, while Britain sticks with its 10-day quarantine and testing requirements. — Reuters 

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Breaking News

TikTok is one of the most rapidly growing platform. People across all the spectrum of age, gender, communities are joining the platform to...


A shopping centre in Coventry that eight years ago was valued at £37 million was sold this week for only £4.9 million, setting...

Breaking News

The $160,000 SS Dolphin is a hybrid 1950s Corvette clone from China – Business Insider Amazon Prime Day Business Insider logoThe words “Business Insider”....

Breaking News

Best exercise bikes of 2020: NordicTrack, Peloton, & others – Business Insider Business Insider logoThe words “Business Insider”. Back to TopA white circle with...

Disclaimer:, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 Captain Of Success. All Rights Reserved.